WCP: Gold, Crypto and the Reset (Reloaded)

Have you heard of the Cantillon effect?

Wealth inequality is a well documented problem in the United States, and more broadly across the world.

This rise in wealth inequality over the past 30 years has to a significant extent been the product of monetary policy fuelling a series of asset price bubbles.

Whenever the market booms, the share of wealth going to those at the very top increases.

When the boom goes bust, that share drops somewhat - but then comes roaring back even higher with the next asset bubble. (Pump and Dump)

The Fed and Wall St. have been running a Ponzi scheme. As it is with all Ponzi Schemes, the only way to keep stocks prices up is for the Fed to pump in “new money” (Liquidity). Wall St. isn’t becoming more productive (i.e., no new goods and services) because like a Ponzi scheme there is nothing backing up the “promised returns.”